by Marketing | Mar 17, 2022 | BAS Bookkeeping, Bookkeeping Services, Busienss Strategies, Business Startup, Business Structures, Income Tax - Business, Income Tax - Individuals, Tradies
The building industry will be feeling the consequences of the recent liquidation of large construction companies, Probuild and Condev. Given the potential for other builders to experience financial distress/liquidation, trades and small business operators may well be...
by Marketing | Jun 1, 2021 | Income Tax - Individuals, Motor vehicle expenses, Tax Deductions Checklist, Tradies, Uncategorized
A deduction is allowable if the travel relates to the transportation of bulky equipment rather than to private travel between home and work and is supported by case law. To establish that the deduction is allowable, the employee’s circumstances must meet two...
by Marketing | Mar 30, 2021 | Busienss Strategies, Business Startup, JobKeepr, JobSeeker, Single Touch Payroll, Tradies
Employment & the Economic Environment Employing team members has always been challenging. It is becoming increasingly so as every year passes. The Global Financial Crisis (GFC) in 2007-09 triggered an increase in labor supply for several years and was a rare...
by Marketing | Oct 22, 2020 | Tax Deductions Checklist, Tradies, Uncategorized
Key rates: Small business depreciation — Summary of instant asset write-off thresholds Purchase date or date asset first used (or installed ready for use) for a taxable purpose Threshold From 1 January 2021 $1,000 12 March 2020 to 31 December 2020 $150,000 2 April...
by Marketing | Mar 26, 2020 | BAS Bookkeeping, Bookkeeping Services, Business Startup, Business Structures, Company Setup, Employment, Income Tax - Business, Income Tax - Individuals, Shelf Company, Single Touch Payroll, Tax Saving Strategy, Tradies, Trust Setup
SMALL BUSINESSES NEED TO GET READY Stimulus Measures The Australian Government’s economic response to the COVID-19 crisis is a two-pronged approach. Cash Flow Boost JobKeeper/JobSeeker How do They Work We have been busy answering inquiries and calculating...
by Marketing | Jan 19, 2019 | Bookkeeping Services, Business Startup, Company Setup, Employment, Tradies
What is the Taxable Annual Reporting System? The building industry has been required to report payments to contractors/sub-contractors directly to the ATO for some time. The system is intended to capture payments made to contractors/sub-contractors and reported to the...
